As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

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Excessive reliance by governments on rising prices is seen possibly triggering upward spiral in interest rates

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The reason is that inflation, coupled with brisk economic growth, is turbocharging economic output measured in dollars, euros or pounds. While government borrowing costs are also rising, they remain relatively low, meaning public debt as a share of GDP—the main yardstick by which economists measure the sustainability of a country’s public debt—is falling in many places.

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Credit: www.wsj.com /

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